Saudi Investment Bank Launches Sustainable Additional Tier 1 Capital Sukuk in US dollars

Saudi Investment Bank (the “Bank”) announced on Wednesday the launch of additional Tier 1 capital sukuk, sustainable and denominated in US dollars, under its program to issue additional tier 1 capital sukuk

The Bank explained that the nominal value is $200,000, and the target category of the issuance is qualified investors inside and outside the Kingdom.

The Bank pointed out that the return (sukuk/bond) is determined according to market conditions, while the sukuk may be redeemed in certain cases as detailed in the basic issuance prospectus for such sukuk.